MDW provided a year-end checklist to help taxpayers price their related party transactions on an arm’s length basis plus tips for preparing transfer pricing documentation to reduce the risk of an audit, dispute and reassessment by the tax authorities.
CRA Update
MDW explained the CRA’s response to criticism, denying they are not the “world’s most aggressive” for transfer pricing audits.
CRA Update
MDW explained the Federal Budget giving the CRA $30 million to hire more auditors that now use electronic screening and better planning to audit taxpayers that use aggressive tax planning.